New York, NY
540,000 Sq. Ft. Office Building
Financing Amount: $200,000,000
Secure time-of-the-essence acquisition financing for premier real estate operator RXR Realty’s purchase of a trophy office tower in midtown Manhattan.
Meridian secured in a short 17-day time frame from a local portfolio lender the full $200,000,000 in requested mortgage financing. To accomplish this, Meridian highlighted to the lender the low leverage of the deal as well as the significant experience and strength of the sponsor.